01:26 PM EDT, 06/27/2024 (MT Newswires) -- Premier American Uranium ( PAUIF ) on Thursday said it completed the acquisition of American Future Fuel ( AFFCF ) .

Premier Uranium, which offered 0.17 on a share for each share held in Future Fuel, issued 15,54-million shares in the acquisition.

"Completing the arrangement with AMPS marks a pivotal step in executing our strategic vision to consolidate high-quality assets in the premier uranium districts of the U.S. We now have a strong foothold in three prominent districts known for their significant uranium endowment and potential: the Grants Mineral Belt in New Mexico, the Great Divide Basin in Wyoming and the Uravan Mineral Belt in Colorado," chief executive Colin Healey said in a statement.

Premier shares were last seen down $0.09 to $1.93 on the TSX Venture Exchange.

Price: 1.93, Change: -0.09, Percent Change: -4.46